Raytheon's Paveway™ Kicks Off 2008 With Asian Bookings Worth More Than $100 Million

TUCSON, Ariz., Feb. 21, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded more than $100 million worth of contracts in the first two months of 2008 by countries in the Asia-Pacific region for the combat-proven Paveway™ family of precision-guided munitions. This comes on the heels of a record-setting $300 million worth of bookings for Paveway in 2007.

"The message is clear -- when warfighters want a direct-attack weapon they can count on, they choose Raytheon's Paveway," said Harry Schulte, vice president of Raytheon Missile Systems' Strike product line. "Raytheon's Paveway precision-guided munitions combine affordability with proven accuracy and reliability not found in other comparable weapon systems."

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

Note to Editors:

Enhanced Paveway II is an affordable, all-weather, dual mode GPS/laser- guided precision munition that has successfully been used in combat by the U.K.'s Royal Air Force during Operation Southern Watch and Operation Enduring Freedom.

In the U.S. In Singapore
Michael Nachshen John Patterson
520.269.5697 520.808.2125
Michael_nachshen@raytheon.com john_b_patterson@raytheon.com

SOURCE: Raytheon Company

CONTACT: In the U.S., Michael Nachshen, +1-520-269-5697,Michael_nachshen@raytheon.com; In Singapore, John Patterson, +1-520-808-2125,john_b_patterson@raytheon.com, both of Raytheon Company